Amber Enterprises India Limited disclosed that its material subsidiary, IL JIN Electronics (India) Private Limited, has undergone significant board composition changes following a meeting held on August 13, 2026. The subsidiary’s board approved the appointment of two new independent directors and a chief financial officer, while also noting the departure of an existing independent director.

Key Appointments

The board of IL JIN Electronics appointed the following individuals to strengthen its governance and financial leadership:

• Mr. Prakash Iyer and Ms. Sabina Moti Bhavnani were appointed as Additional Directors in the category of Independent Directors, effective August 13, 2026. Their appointments are subject to approval by the members of IL JIN in the ensuing Annual General Meeting.
• Mr. Sudhir Goyal was appointed as Chief Financial Officer of IL JIN, effective August 13, 2026. This appointment was made pursuant to the approval of the Audit Committee and the Board of Amber Enterprises India Limited.

Both Mr. Iyer and Ms. Bhavnani are already serving as Independent Directors on the board of the holding company, Amber Enterprises India Limited, having joined on September 19, 2024. Mr. Goyal currently serves as the CFO of the holding company.

Director Profiles

Resignation

The board also noted the resignation of Ms. Lovely Mehra from her position as an Independent Director of IL JIN Electronics. Her resignation is effective from the close of business hours on August 13, 2026. Ms. Mehra cited personal and professional commitments as the reason for her departure, stating there were no other material reasons for the resignation.

Regulatory Disclosures

These disclosures are made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company has attached detailed disclosures regarding the appointments and resignation, including profiles and relationship disclosures, as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Amber Enterprises India Limited ( Amber Enterprises ) reported robust operational growth in its unaudited financial results for the first quarter of FY27, with adjusted profit after tax (PAT) rising 19% year-on-year to ₹126 crore. This figure excludes an exceptional loss of ₹123 crore arising from the adjustment of put liabilities following the increased stake acquisition in its subsidiary, Ascent Circuits Private Limited.

Consolidated revenue from operations grew 13% to ₹3,888 crore, supported by double-digit expansion across key business segments. Operating EBITDA expanded 28% to ₹337 crore. The strong performance was primarily driven by the Electronics Division, which saw revenue surge 29% to ₹985 crore and operating EBITDA jump 117% to ₹107 crore. The Consumer Durables Division also contributed positively, with revenue growing 8% to ₹2,758 crore and operating EBITDA rising 12% to ₹214 crore. In contrast, the Railway Sub-systems & Defence Division recorded an 18% revenue increase to ₹144 crore but saw operating EBITDA decline by 26% to ₹16 crore.

Financial Performance

The consolidated financial highlights for Q1FY27 underscore the group's underlying operational strength despite the headline net profit impact from non-recurring items.

*Operating EBITDA is before impact of ESOP expense & other non-operating income and expenses. It includes an adjustment for inventory consumption related to recent acquisitions (PowerOne, Unitronics, Shogini) aggregating ~₹15.35 crore. #Adjusted PAT is before the exceptional loss of ₹123 crore.

The standalone results showed a divergence from the consolidated figures, with standalone revenue declining 7.9% to ₹26,626.67 crore (converted from lakhs in previous filings for readability context, though new data focuses on consolidated highlights). Standalone net profit fell 3.4% to ₹65.78 crore compared to ₹68.09 crore in Q1FY26. The consolidated net profit, including the exceptional item, dropped 97% to ₹3.09 crore, highlighting the significant impact of the accounting adjustment on the bottom line.

What the Numbers Show

A critical observation is the divergence between headline profitability and operational cash generation. While consolidated net profit collapsed due to the ₹123 crore exceptional charge, the adjusted PAT of ₹126 crore reflects a healthy 19% growth trajectory. The operating EBITDA margin improved significantly, driven by the high-margin Electronics Division which posted an 117% surge in EBITDA. This suggests that core operational efficiencies are strengthening, even as one-time accounting adjustments distort statutory net profit figures.

Strategic Developments

Beyond financial results, Amber Group announced several strategic initiatives aimed at diversifying its revenue streams. The company entered into a Manufacturing Collaboration Agreement with OPPO Mobiles India Private Limited to foray into mobile phone manufacturing. This partnership covers smartphone brands OPPO, OnePlus, and Realme. Trial production is expected in Q4FY27, with commercial production anticipated in Q1FY28. This asset-light venture aims to de-seasonalise revenue and broaden the product portfolio.

Additionally, the company conducted the ground-breaking ceremony for a High-Density Interconnect (HDI) PCBs manufacturing facility at YIEDA, Jewar, Uttar Pradesh. This facility represents a joint expertise effort between Amber Group and Korea Circuit Co., further strengthening its position in the electronics supply chain. Construction is also progressing well for a new multi-layer PCB facility at Hosur, Tamil Nadu, and an expansion of the IL JIN Electronics facility in Pune.

Corporate Governance

The Board approved several governance changes during the quarter:

• Leadership Appointment: Mr. Sudhir Goyal, CFO of Amber Enterprises, was appointed as CFO of IL JIN Electronics (India) Private Limited, effective August 13, 2026.
• Board Re-appointments: Ms. Sabina Moti Bhavnani and Mr. Prakash Iyer were re-appointed as Non-Executive Independent Directors for a second five-year term, effective September 19, 2026.
• AGM Notice: The 36th Annual General Meeting is scheduled for September 16, 2026.

Operational Updates

The company disclosed a fire incident at one of IL JIN’s factories in Greater Noida on August 4, 2026. Management stated that preliminary assessments indicate no material impact on the group’s financial position or operations, noting that assets are adequately insured. Claims processes have been initiated, and operations in the affected area remain temporarily impacted.

Furthermore, IL JIN completed the acquisition of a 38.5% stake in Ascent Circuits for ₹3,280 crore, increasing its holding to 98.5%. This transaction triggered the exceptional item recorded in the financial results due to the difference between the carrying value of the put liability and the consideration paid.